Record Quarterly Free Cash Flow
Newmont achieved an all-time record quarterly free cash flow of $1.7 billion, driven by strong production and financial results.
Successful Noncore Asset Divestment Program
Newmont expects to generate $3 billion in after-tax cash proceeds from its noncore asset divestment program, including the sale of shares in Greatland Gold and Discovery Silver.
Strong Operational Performance
The company produced 1.5 million ounces of gold and 36,000 tonnes of copper, aligning with its full-year guidance.
Shareholder Returns and Financial Strategy
Newmont returned over $1 billion to shareholders and announced an additional $3 billion share repurchase program, bringing total authorization to $6 billion.